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Commercial Auction Annual Review 2017
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2017 selection of typical sales

February Auction

Lot 2 Gants Hill Retail Shop and upper part let to private individual at £21,000pa
SOLD £453,000 4.4% NIY
Lot 22 Chesterfield Retail Attractive Co-Op convenience store with parking. Let at £49,725pa with RPI linked reviews until 2031 without breaks
SOLD £970,000 4.85% NIY

February Auction

Lot 44 Basingstoke Industrial Multi Let industrial estate comprising 15 units, fully let. Total net rents £117,752pa
SOLD £1.51M 7.35% NIY
Lot 85 Epsom Retail Town centre opticians with dental practice and flat above, total rents £86,700pa
SOLD £1.68M 4.86% NIY

March Auction

Lot 18 East Grinstead Mixed use Three shops, dental practice, maisonette and two flats. Tenants include Vision Express and Millets. Total rents £68,500pa plus two flats with VP
SOLD £1.4M 4.16% NIY
Lot 80 Stow-On-The-Wold Bank An attractive Lloyds Bank let at £53,700pa until 2022
SOLD £1.08M 4.7% NIY

March Auction

Lot 87 Norwich Medical Health Centre and pharmacy with parking on a substantial site. Tenants include Norfolk Community Health & Care Trust, Cambrigeshire NHS Trust and Boots the Chemist. Total rents £159,896.32pa
SOLD £2.9M 5.18% NIY
Lot 96 Wood Green, London N22 Retail Two shops with maisonette above, and lapsed consent for nine flats. Total rents £122,983pa
SOLD £2.45M 4.72% NIY

May Auction

Lot 39 Yeovil Investment Well located Yodel distribution warehouse let at £136,400pa until 2022
SOLD £1.75M 7.34% NIY
Lot 93 Sutton Coldfield Leisure Let to Azzuri Restaurants (ASK Italian) for 35 years from 2000 at a current rate of £70,500pa
SOLD £1.29M 5.16% NIY

May Auction

Lot 94 Stoke Newington Retail Shop let at £138,200pa, rising to £151,950pa in 2020, guaranteed by Whole Foods Market Inc. until 2030 without break
SOLD £2.6M 5% NIY
Lot 100 Melksham Retail Purpose built supermarket with 136 space car park let to Waitrose Ltd at £235,000pa until 2025
SOLD £3.25M 6.78% NIY

July Auction

Lot 15 Huntingdon Retail Town centre shop with three flats above, entirely let to Iceland Food Limited at £95,000pa until 2029 without breaks
SOLD £1.665M 5.4% NIY
Lot 91 Wembley Restaurant Restaurant let until 2029 with fixed rental increase in 2019 and maisonette let on AST. Total rent £69,400pa
SOLD £1.3M 5% NIY

July Auction

Lot 100 St Albans Office City centre office let to charity and The Secretary of State. Total rents £388,844pa
SOLD £7.1M 5.1% NIY & £321psf cap val
Lot 106 Kendal Retail Well located shop let to W.H.Smith at £68,900pa on a lease expiring 2022
SOLD £1.060M 6% NIY

October Auction

Lot 92 Buckhurst Hill Restaurant Attractive restaurant let to Prezzo Limited until 2045 without breaks at £65,000pa
SOLD £1.67M 3.67% NIY
Lot 96 London, NW11 Motor Trade Petrol filling station let to Co-Operative Foodstores Ltd until 2020 at £101,177pa with fixed uplifts
SOLD £3.3M 2.88% NIY

October Auction

Lot 105 Bishops Stortford Retail Department store let to marks and Spencer PLC at £394,996pa until 2027 without break, with fixed uplifts
SOLD £7.27M 5.09% NIY
Lot 201 Smethwick Retail Freehold parade comprising 21 shops, 6 flats and potential for further residential conversion. Total rents £273,566pa
SOLD £4.47M 5.74% NIY

December Auction

Lot 6 London, E1 Bank Grade II listed former bank on Shoreditch High Street extending to 7,855 sq. ft. with redevelopment potential
SOLD £4.1M £522 psf cap val
Lot 19 Northampton Bank Grade II former bank entirely let to Bank of Scotland plc until 2031 without break. Current rent £53,000pa
SOLD £1.07M 4.68% NIY

December Auction

Lot 46 Waltham Abbey Office Town centre offices extending to £16,963 sq. ft. with lapsed consent for residential conversion. Let until 2019 at a current rent of £146,600pa
SOLD £2.87M 4.8% NIY & £169 psf cap val
Lot 80 Harrogate Bank Attractive town centre bank let to Halifax Ltd until 2026.Current rent £129,500pa
SOLD £2.1M 5.8% NIY
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